Economics MCQs

Page No. 396

Pakistan’s fiscal years starts from ?


a1st September

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b1st January

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c1st April

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d1st July

✓


View Answer 1st July

A tariff______________?


aIncrease the volume of trade

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bReduces the volume of trade

✓


cHas no effect on volume of trade?

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d A and C of above

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Velocity of circulation of money means ?


aThe number of times a unit of money changes hands daily

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bThe number of times as unit of money changes hands monthly

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cThe number of times as unit of money changes hands monthly

✓


dThe number of times a unit of money changes value

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Government of Pakistan issues currency on the basis of__________________?Availability of gold in the country


aAvailability of gold in the country

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bAvailability of dollars in the country

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cDemand for money in the country

✓


d Tax collection

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Economic development is measured on the basis of ?


aEconomic development is measured on the basis of ?

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b Increase in real GNP

✓


c Increase in personal income

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dIncrease in government revenue

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When the stock market is rising it is ?


aBearish

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b Bullish

✓


cHottest

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d Rising up

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View Answer Bullish

What would cause a country’s exchange rate to fall ?


aAn increases demand for its exports

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bIncreased demand for its imports

✓


cAn increased inflow of capital

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d None of the above

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The cause of inflation is ?


a Increase in money supply

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bFall in production

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cIncrease in money supply and fall in production

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d Decrease in money supply and fall in production

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According to the law of demand. When ?


aPrice increase demand decreases

✓


bPrice decreases demand decreases

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cPrice increased demand increases

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d None of these

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Gross National income is always more than Net National income because it includes ?


a Foreign income

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bCapital consumption allowance

✓


cIndirect taxes

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d Direct taxes

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